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2h ago

Forward Industries To Tokenize Nasdaq-Listed Stock on Solana via Superstate

The move advances its Solana pivot by routing Nasdaq shares through Superstate’s Opening Bell for on-chain trading with DeFi collateral potential.

Forward Industries plans tokenized shares launch on Solana with Superstate

Overview

  • Shareholders will be able to convert FORD common stock into Solana-based tokens that can be held in digital wallets.
  • The tokenized shares are intended to support 24/7 trading and near‑instant settlement on the Opening Bell platform.
  • Forward is working with Solana protocols Drift, Kamino and Jupiter Lend to pursue use of the tokens as collateral in lending markets.
  • Superstate says Opening Bell includes compliance features such as wallet allow‑listing and built‑in transaction rules.
  • The announcement follows a $1.65 billion private investment and an up‑to‑$4 billion at‑the‑market program, while timelines, approvals and trading venue mechanics were not disclosed.